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Dallas Multifamily Goes Smaller Compared With Five Years Ago

In Dallas, a 626-square-foot apartment can be had for $1,500 this year, which is 255 square feet less than in 2014 (at 881 square feet), making it the most affordable US city for renters.

Andrew Weinberger Weinberger says New York and San Francisco rents are increasing at a slower pace compared to other cities.

DALLAS—For those who are put off by mortgage payments, some are better off renting, as it can take decades to save up for a home in New York City, San Francisco, Seattle or Los Angeles. At this point, it’s fair to ask why are US cities so expensive?

The reality is that home prices are rising around the world and the cost of living is going up, both in and outside the United States. On that note, PropertyClub looked at how the biggest cities in America compared to other cities across the globe to get a better picture of the situation.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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